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AAC Ares Acquisition

Ares Acquisition Corporation (“AAC”) is a special purpose acquisition company sponsored by a subsidiary of Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager. Having completed a $1 billion initial public offering in February 2021, AAC seeks to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination and is expected to benefit from its affiliation with Ares through access to corporate relationships, industry sector expertise and value creation capabilities. For more information, please visit: www.AresAcquisitionCorporation.com.

AAC stock data

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Calendar

15 Aug 21
24 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Cash on hand (at last report) 1.05M 1.05M 1.05M
Cash burn (monthly) 46.55K 105.04K (positive/no burn)
Cash used (since last report) 177.97K 401.58K n/a
Cash remaining 873.06K 649.46K n/a
Runway (months of cash) 18.8 6.2 n/a

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Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

7.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 76 139 -45.3%
Opened positions 21 139 -84.9%
Closed positions 84 0 NEW
Increased positions 8 0 NEW
Reduced positions 40 0 NEW
13F shares
Current Prev Q Change
Total value 13.16M 607.81M -97.8%
Total shares 7.76M 60.78M -87.2%
Total puts 0 0
Total calls 1.47M 0 NEW
Total put/call ratio
Largest owners
Shares Value Change
Wellington Management 694.59K $868K -73.3%
Adage Capital Partners GP, L.L.C. 540K $675K NEW
NMR Nomura 320K $380K -82.6%
Ion Asset Management 278.47K $348K -80.0%
Linden Advisors 250.06K $305K -79.2%
Citadel Advisors 241.94K $302K -72.4%
Radcliffe Capital Management 230K $2.24M -80.0%
Kingstown Capital Management 225K $281K +125.0%
Security Benefit Life Insurance 220K $275K NEW
Owl Creek Asset Management 217K $271K NEW
Largest transactions
Shares Bought/sold Change
Aristeia Capital 0 -7.08M EXIT
Glazer Capital 0 -4.18M EXIT
Millennium Management 0 -4.07M EXIT
Wellington Management 694.59K -1.91M -73.3%
Point72 Asset Management 0 -1.6M EXIT
NMR Nomura 320K -1.52M -82.6%
Marshall Wace North America 0 -1.45M EXIT
Marshall Wace 0 -1.36M EXIT
Ion Asset Management 278.47K -1.11M -80.0%
LH Capital Markets 0 -1M EXIT

Financial report summary

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Management Discussion
  • Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • This Quarterly Report on Form 10-Q includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act). We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “could”, “would”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “continue”, or the negative of such terms or other similar expressions. Such statements include, but are not limited to, possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this Form 10-Q. Factors that might cause or contribute to such a discrepancy include, but are not limited to, those described in our other Securities and Exchange Commission (SEC) filings.
  • We are a blank check company incorporated on January 24, 2020 as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to as our initial business combination.
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